The Ticker

Friday, March 22, 2013 -- Anonymous (not verified)

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Saturday, March 23, 2013

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Staff

Wire Reports

Avid risks NASDAQ delisting

Avid Technology Inc. of Burlington said it’s no longer in compliance with NASDAQ listing rules, which require the company to file reports with the Securities and Exchange Commission in a timely manner. Last month, the company postponed its most recent earnings report saying it needed more time to evaluate the company’s “accounting treatment.”

Avid must submit a plan to regain compliance with the NASDAQ by May 20.

Travel website makes Tiny acquisition

TripAdvisor has acquired Tiny Post, an app that lets users write over photos and turn them into stories, for an undisclosed amount. Tiny Post’s staff will be based in TripAdvisor’s Palo Alto office.

In October, TripAdvisor announced it had acquired travel inspiration site Wanderfly.

Drug firms announce EU decisions

Genzyme received a positive opinion from the European Medicines Agency’s Committee for Medicinal Products for Human Use for its drug Aubagio, which is designed to treat adult patients with relapsing-remitting multiple sclerosis. However, the committee didn’t recommend the drug receive a new active substance designation.

Ariad Pharmaceuticals also announced the EU gave a positive opinion on its marketing application for Iclusig, also known as ponatinib, for treating patients with specific forms of leukemia.

Raynham co. closes on $10M financing

Medrobotics Corp. said it has closed up to $10 million in new debt financing from Hercules Technology III, L.P., an affiliate of Hercules Technology Growth Capital Inc. The funding precedes the company’s anticipated commercial launches in Europe and the United States.

TODAY

Newtown, Conn., natives living in Hub host fund-raiser at Fenway Park to benefit their hometown.

MONDAY

Mayor Thomas M. Menino to deliver his annual address to the Boston Municipal Research Bureau.

THE SHUFFLE

Boston-based real estate services firm Cassidy Turley has promoted Denise Orlando, above, from manager to vice president. Orlando has served as a member of the firm’s corporate advisory services team for six years, working with the portfolio management and corporate advisory groups on a national and global level.

Shawmut Design and Construction has promoted Randy Shelly to vice president of the company’s hospitality group. Shelly replaces veteran Paul Doherty, who has accepted a new position within Shawmut.

Bedford-based 1366 Technologies has appointed China expert Yasheng Huang to its board of directors. Huang is professor of political economy and international management.